FCC’s Streamlined Approval Process Working for U.S. Consumers

Today, the FCC approved Verizon’s petition on foreign ownership, helping to clear the way for the company to acquire Vodafone’s stake in Verizon Wireless. It was the Commission’s first opportunity to use recently revised and streamlined foreign ownership review procedures, an example of the overall reform efforts the Commission is currently undertaking to keep pace with this fast moving sector of our economy.

These efforts help bring more certainty to the fast-moving mobile market and are good news for U.S. consumers who increasingly rely on mobile connectivity. Mobile Future applauds the Commission’s quick action on this petition and its leadership to foster continued opportunities in one of the nation’s most dynamic and competitive sectors.